DeFi· ★★★★· bearish·

Ethereum L2 economics under strain as Blast and Abstract shut down

  • —Blast set an October 26 deadline for standard withdrawals; funds stay recoverable via bridge contracts
  • —Abstract will close on December 15 after 325 million transactions failed to produce durable revenue
  • —L2BEAT tracked about $43.56 billion in value secured across projects as of October 6
  • —EIP-4844 cut data posting costs but does not cover sequencer, bridge and development expenses
Why it matters: The shutdowns show cheap blobs do not guarantee L2 profitability and force a rethink of risks in smaller networks.
Source: crypto.news